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Views: 148 DOM: 95 Updated: 09.05.24 Posted: 08.30.24 Status: Active

Summary

Price $2,208,000
Built/Renov 2024
Tenant Starbucks
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,307
Lease Start 10-01-2024
#Units 38,038
Price/SF $957.09
Expiration 09-30-2034
Tenant Type Fast Food/QSR
NOI $132,491
R. Term 9.10
Ownership Fee Simple
Rent/SF $57.43
Increases 7.5%/5/yrs
Pop 5Mi 79,203
Lot/AC 0.84
Options 4/5yrs/7.5%
AHHI 5Mi $104,342

Lease Highlights

  • Brand new 2024 construction
  • New 10-year lease with 4 (5-year) options to extend at the close of escrow
  • The lease features 7.5% rental escalations throughout the initial term an option periods
  • Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on 10th Street, with access to 31,500 vehicles passing by daily. The property is part of the Boomerang Ranch development, which will include 200 single-family housing units, Chick-fil-A, Quick Trip, and Ent Credit Union. Additionally, it is within walking distance to Northgate Village, a King Soopers-anchored shopping center, and UCHealth Emergency Room. The...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • Company:Starbucks Corporation
  • # Units:38,038
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...


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Listing Broker

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